Holding |
Coupon Rate |
Maturity Date |
Face Amount |
Market Value |
|---|
| Ford Motor Co. | 9.625% | 04/22/2030 | $1,830,000 |
$2,100,232 |
| British Telecommunications plc | 9.625% | 12/15/2030 |
$20,885,000 | $24,967,931 |
| Republic of the Philippines | 9.500% | 02/02/2030 | $16,150,000 |
$19,421,559 |
| Hydro-Quebec | 9.375% | 04/15/2030 | $2,995,000 |
$3,566,028 |
| Orange SA | 9.000% | 03/01/2031 | $20,840,000 |
$24,628,519 |
| Occidental Petroleum Corp. | 8.875% | 07/15/2030 | $8,626,000 |
$9,840,701 |
| Williams Cos. Inc. | 8.750% | 03/15/2032 | $3,199,000 |
$3,741,088 |
| Sprint Capital Corp. | 8.750% | 03/15/2032 | $16,655,000 |
$19,665,557 |
| Republic of Peru | 8.750% | 11/21/2033 | $17,887,000 |
$21,291,864 |
| Deutsche Telekom International Finance BV | 8.750% | 06/15/2030 |
$34,206,000 | $39,418,249 |
| AXA SA | 8.600% | 12/15/2030 | $5,902,000 | $6,836,632 |
| Hydro-Quebec | 8.500% | 12/01/2029 | $2,675,000 |
$3,039,148 |
| Grupo Televisa SAB | 8.500% | 03/11/2032 | $2,480,000 |
$2,775,228 |
| Daimler Finance North America LLC | 8.500% | 01/18/2031 |
$5,275,000 | $6,237,713 |
| Time Warner Entertainment Co. LP | 8.375% | 07/15/2033 |
$8,895,000 | $9,623,162 |
| Koninklijke KPN NV | 8.375% | 10/01/2030 | $5,025,000 |
$5,718,948 |
| United Mexican States | 8.300% | 08/15/2031 | $4,800,000 |
$5,588,428 |
| Vale Overseas Ltd. | 8.250% | 01/17/2034 | $5,287,000 |
$6,020,741 |
| Telefonica Europe BV | 8.250% | 09/15/2030 | $12,150,000 |
$13,620,726 |
| Westrock MWV LLC | 8.200% | 01/15/2030 | $4,665,000 |
$5,185,948 |
| Tosco Corp. | 8.125% | 02/15/2030 | $3,429,000 |
$3,890,447 |
| HSBC Holdings plc | 8.113% | 11/03/2033 | $13,900,000 |
$15,483,926 |
| Ally Financial Inc. | 8.000% | 11/01/2031 | $19,787,000 |
$21,433,652 |
| Discover Financial Services | 7.964% | 11/02/2034 | $6,739,000 |
$7,412,806 |
| Lloyds Banking Group plc | 7.953% | 11/15/2033 | $8,110,000 |
$8,916,847 |
| Devon Energy Corp. | 7.950% | 04/15/2032 | $2,114,000 |
$2,376,287 |
| Banco Bilbao Vizcaya Argentaria SA | 7.883% | 11/15/2034 |
$6,270,000 | $6,727,607 |
| Vodafone Group plc | 7.875% | 02/15/2030 | $6,338,000 |
$7,063,301 |
| Occidental Petroleum Corp. | 7.875% | 09/15/2031 | $4,153,000 |
$4,607,697 |
| Nexen Energy ULC | 7.875% | 03/15/2032 | $3,505,000 |
$4,090,793 |
| Devon Financing Co. LLC | 7.875% | 09/30/2031 | $3,275,000 |
$3,654,690 |
| CBS Corp. | 7.875% | 07/30/2030 | $4,988,000 | $5,156,620 |
| Tapestry Inc. | 7.850% | 11/27/2033 | $10,500,000 |
$10,983,914 |
| Rohm & Haas Co. | 7.850% | 07/15/2029 | $7,622,000 |
$8,323,117 |
| Kinder Morgan Inc./DE | 7.800% | 08/01/2031 | $1,410,000 |
$1,562,826 |
| Verizon Communications Inc. | 7.750% | 12/01/2030 | $310,000 |
$348,238 |
| Republic of the Philippines | 7.750% | 01/14/2031 | $13,699,000 |
$15,398,466 |
| Kinder Morgan Inc./DE | 7.750% | 01/15/2032 | $4,125,000 |
$4,564,320 |
| Kinder Morgan Energy Partners LP | 7.750% | 03/15/2032 |
$330,000 | $364,380 |
| Georgia-Pacific LLC | 7.750% | 11/15/2029 | $5,315,000 |
$5,936,054 |
| BAT Capital Corp. | 7.750% | 10/19/2032 | $4,295,000 |
$4,767,816 |
| Tapestry Inc. | 7.700% | 11/27/2030 | $7,410,000 |
$7,669,530 |
| PacifiCorp | 7.700% | 11/15/2031 | $2,185,000 |
$2,462,221 |
| Kroger Co. | 7.700% | 06/01/2029 | $1,000,000 |
$1,090,498 |
| Santander Holdings USA Inc. | 7.660% | 11/09/2031 | $4,315,000 |
$4,611,624 |
| Highwoods Realty LP | 7.650% | 02/01/2034 | $2,835,000 |
$2,978,423 |
| Capital One Financial Corp. | 7.624% | 10/30/2031 | $6,195,000 |
$6,666,310 |
| Williams Cos. Inc. | 7.500% | 01/15/2031 | $1,401,000 |
$1,529,511 |
| Valero Energy Corp. | 7.500% | 04/15/2032 | $3,200,000 |
$3,574,309 |
| United Mexican States | 7.500% | 04/08/2033 | $4,640,000 |
$5,101,222 |
|
